The main purpose of this study is to explore implication of one belt one road initiative for global future development. The idea was to forge closer economic ties, deepen cooperation, and expand development in. Central asia occupies the centrepiece of chinas silk road economic belt sreb initiative. Ostensibly an economic initiative, the belt also has important strategic implications, and is likely. Vision and actions on jointly building silk road economic. Iranchina cooperation in the silk road economic belt. Map of central asia illustrating silk road economic belt.
Oil, gas and energy business under one belt one road. The success of the silk road economic belt depends on the ability of the sco to transform itself from primarily securityoriented coalition to an alliance pursuing also deep and comprehensive economic cooperation. The belt and road initiative, namely the silk road economic belt and 21stcentury maritime silk road, is chinas major move to expand and deepen the openingup policies to the outside world, arousing wide concern in the international community. Audacious, yet with the exception of a now retired great britain from these adventures.
The eurasian economic union and the silk road economic belt are the most discussed initiatives to turn central asia from a landlocked into landlinked region. The silk road economic belt is a new economic development zone on the basis of the ancient silk. Both initiatives were announced by president xi jinping in 20. Section 2 sets out the huge infrastructure requirements of the global economy. He called for the building of a silk road economic belt and a 21st century. Like the silk road economic belt initiative, most countries have joined the asian infrastructure investment bank. Obor is one of president xis most ambitious foreign and economic policies.
The silk road economic belt the belt component of the belt and road initiative, announced by xi jinping over four years ago, represents an ambitious chinese vision to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian continent. How much will the belt and road initiative reduce trade costs. The silk road economic belt and the 21st century maritime silk road. This forum piece seeks to probe the connection between china and africa regarding the current chinese concept dubbed the silk road economic belt, variously referred to by such synonyms such as new silk road, silk road and maritime silk road, chinese and 21stcentury new silk road and silk road of the sea. The belt and road initiative bri, also known as one belt, one road obor, is china. A paper for china as a maritime power conference july 28. Through the very own silk road experience and expertise of our researchers, we aim to provide a perspective on the belt and road initiative. This report addresses some of the existing gaps in discourse on the security implications of chinas silk road economic belt the belt.
Path selection of renminbi rmb internationalization under. This unique and currently only available study into the proposed silk road economic belt examines the institutional, financial and infrastructure projects that are currently underway and in the planning stage across the entire region. Ernesto gallo while russia and china are heralding a new strategic partnership, this policy brief explores how competition between the two countries may increasingly emerge in regard to central. The focus of the workshop was the economics behind the chinese silk road economic belt sreb and its impact in central asia. The combination of the silk road economic belt, reaching from china to central and south asia and onward to europe, and the new maritime silk road, reaching from china to southeast asia and the middle east and north africa to europe, touches an enormous mass of humanity. Today, the development of the eurasian land mass as described by china as part of the silk road economic belt could also be described as a similar venture. After several decades of development, it has formed a comprehensive, threedimensional traffic network. The silk road economic belt connects three major routes like china to europe, the persian gulf, the mediterranean and the indian ocean, while the 21 st century maritime silk road is based on waterways among member countries of obor initiative 1. We must build the silk road economic belt and 21st century maritime silk road, creating a new regional economic order. Geographic coverage of the silk road economic belt and the 21st century maritime silk road source. The economics of the silk road economic belt o n 20 october 2015, rusi held a daylong workshop in almaty, kazakhstan, in collaboration with kimep university and the friedrich ebert stiftung fes. The silk road economic belt, a strategic priority of the chinese foreign policy in 2015, draws the attention to the countries of central and eastern europe through the multiple benefits that it displays investments, economic growth, trade between the countries along its corridors, job creation, infrastructure development, the strategic importance of being part of a grandiose. This saw the beginnings of the one belt one road strategy or the belt road initiative bri. Indonesia in september and october 20, unveiled the silk road economic belt and the 21st century maritime silk road proposals also termed as one belt, one road bri it set into motion an organic pivot which is very much poised to be a major strategic term of reference affecting global diplomacy in the 21st century.
Ice silk road edit in addition to the maritime silk road, russia and china are reported to have agreed jointly to build an ice silk road along the northern sea route in the arctic, along a maritime route which russia considers. This is depicted on the map above with the most important primary and secondary nodes. Chinas belt and road initiative in the global trade. What you need to know the belt and road initiative bri is a combination of two initiatives. In this paper, we argue that the sreb starts from china.
A month later while visiting southeast asia, a complementary 21st century maritime silk road was further introduced. The initiative is essentially an economic effort but when implemented would also. However, intensive human activities to be induced by it may double the water crisis in central asia, deteriorate the vulnerable environment, and accelerate energy consumption in this area. Many experts have discussed the necessity of the belt and road initiative bri for chinas transition to a new normal. Like the classic silk road, the new silk road is also a network of intricate routes, which are commonly classified as different economic corridors. In this context, central asian leaders and security experts are deeply worried about the geopolitical implications of the obor project and this is. After the initial analysis and description of the silk road economic belt as a tool of chinese foreign policy, the paper goes on to examine the potential routes the railway takes from china to. Silk road economic belt has origins in previous diplomatic adventures. From silk road to silicon road chartered institute of.
Launched in 20 by chinese president xi jinping, the obor is a short term for the silk road economic belt one belt and the 21st century. Taking the lead with key continental eurasian actors, china, india and russia, and other relevant actors to set up a joint consultative belt coordination mechanism. Silk road economic belt news portal and international. More specifically, the belt links china to central and south.
It sheds light on what has motivated china to initiate it, and how it fits into chinas own evolving. Economic significance of one belt one road countries for a full list of the countries included in the computation, please refer to the appendix. The maritime silk road already represents chinas most vital sea lines of communication, both because it gives china access to three major economic zones southeast asia, south asia, and the middle east and because it is the route for many of chinas strategic materials, including oil. One belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. Economics and trade impact of the silk road economic belt. The blueprint was to create two routes the silk road economic belt and the 21stcentury maritime silk road to better connect cities in the eastern, middle and western parts of china, and link its major seaports to asia pacific and eastern europe, the two biggest growth. Vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road. Central asia and the silk road economic belt university of central.
Pdf the silk road economic belt security implications. Carolijn van noort1 abstract in 20, china launched the belt and road initiative bri resulting in infrastructural projects that have highlighted new political and economic opportunities along the new silk road. Understanding chinas belt and road initiative lowy institute. Belt and road is an initiative by the chinese government aimed at reviving the historic silk road between china, europe and the middle east. One belt, one road and chinas international relations. Road economic belt and 21stcentury maritime silk road states that we should promote ecological progress in conducting investment and trade, increase cooperation in conserving ecoenvironment, protecting biodiversity, and tackling climate change, and join hands to make the silk road an environmentfriendly one. Central and eastern european countries focus on the silk road. Yet, reviving the silk road in central asia will not be easy and the geopolitical challenges will be the biggest hurdle to building the sreb in the region. Chinas one belt, one road obor project is dubbed as the countrys longterm national grand plan for the coming two to three decades. Apr 02, 2018 chinas leaders have mapped out an ambitious plan, the maritime silk road initiative msri, to establish three blue economic passages that will connect beijing with economic hubs around the world.
How revival of the silk road could impact world trade. A flexible implementation process by alice ekman chinas new silk roads or one belt, one road obor, or belt and road2 launched by president xi jinping in autumn 20, is a top priority for beijing, and will likely remain so after the 19th party congress. An empirical research on agricultural trade between china. The silk road economic belt the belt component of the belt and road initiative proposed by china in 20 is an ambitious vision that has evoked enthusiasm among many stakeholders. These two initiatives are jointly known as one belt one road obor. What emerges as the primary objective of the new silk road is to respond to an increas ingly challenging international economic environment. It is the english translation of the chinese term yidai yilu. Feb 16, 2016 why is china trying to revive ancient silk road. Nov 09, 2017 is chinas development finance a challenge to the international order. Promote friendship between our people and work together to build a bright future. The focus of the workshop was the economics behind the chinese silk road economic belt sreb and its impact in.
The world bank, compiled by the fung business intelligence centre. President xi jinping proposed the silk road economic belt and the 21st century maritime silk road. Territorial boundaries of the two initiatives overlap. Road economic belt and the 21stcentury maritime silk road. Situating the belt and road or the one belt one road obor concept in a historical context, this chapter examines the civilizations along the silk road, as well as their encounters and interactions, which have formed the social, cultural, religious, and political landscapes of the present silk road economic belt. Pdf centralasia occupies the centrepiece of chinas silk road economic belt sreb initiative. The building of the silk road economic belt is an exciting prospect that may bring immense economic benefits to eurasian countries. Thus, the success of the sreb will have to start with a better understanding of the political and economic dynamics in central asia. The belt and road initiative aims to connect china with the rest of asia and europe, thereby creating a eurasian continent.
Trade and trade facilitation along the belt and road. The silk road economic belt friedrich ebert foundation. It comprises about 65 countries and 900 projects with an investment volume of 850 billion dollars. China announced its roadmap for the belt and road initiative in 20. The belt and road initiative is sometimes referred to by its full namethe silk road economic belt and a 21st century maritime silk road. Laying out his concept for a silk road economic belt that would tie china across the eurasian heartland to europe, xi jinping was in essence stamping his branding on something that had been taking place for almost two decades previously as beijings westernmost province of xinjiang sought development and did this through growing economic. One belt, one road refers to the combination of the silk road economic belt an economic corridor across the eurasian continent and the 21st century maritime silk road a network of maritime trade routes connecting asia with africa and europe. Belt refers to the silk road economic belt, which passes overland from china through central asia to continental europe. Since the european union is the terminal point of both the overland and. The investment guide to the silk roadis an integral part of unctads work in the silk road region, which comprises the states of kazakhstan, kyrgyzstan, tajikistan, turkmenistan, uzbekistan and the four western chinese provinces of gansu, ningxia, shaanxi and xinjiang. Pdf policy report building the silk road economic belt. Building a new and sustainable silk road economic belt. Building silk road economic belt and 21st entury maritime silk road exhibit 2.
The belt and road initiative is a major diplomatic priority for chinese president xi jinping, who convened a belt and road summit in beijing in may 2017. The silk road economic belt is a new economic development zone on the basis of the an. Yet, reviving the silk road in central asia will not be. The initiative has increasingly emerged as chinas major vehicle for international engagement, with important health dimensions. The silk road is part of chinas one belt, one road, an economic development strategy launched by chinese president xi jinping in 20. Policy report building the silk road economic belt. The silk road was a network of trade routes which connected the east and west, and was central to the economic, cultural, political, and religious interactions between these regions from the 2nd century bce to the 18th century.
Conceptual framework the belt and road initiative aims to connect asia, europe and africa along five routes. According to the cpc by 2050 chinese society should have reached moderate prosperity that. Multilateral formats of interaction are designed to set up regional interaction and cooperation frameworks. In this regard, the beijingled one belt, one road initiative offers an excellent opportunity for the central asian leadership to practice evidencebased decision. Silk road research silk road economic development research. Among other objectives, the belt intends to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian. The eurasian economic union and the silk road economic belt. The silk road economic belt and the 21stcentury maritime silk road, also known as the belt and road initiative, is a development strategy and framework, proposed by. The silk road economic belt the belt component of the belt and road initiative, announced by xi. This outlined the framework, key areas of cooperation and cooperation mechanisms with regard to the belt and road initiative. The idea of central asia as a regional grouping in political and security terms is almost non. Since 20, china has steadily rolled out an ambitious one belt one road initiative also called the belt and road initiative, the silk road economic belt and the 21st century maritime silk road, or the belt and road.
While addressing the development issue of our country, the formation of an economic belt has not only increased the use of rmb, helped enhance the recognition of. Building a chinapakistan community of shared destiny to pursue. The transportation infrastructure of the silk road economic belt includes railways, roads, air transportation and pipelines, etc. Silk road economic belt business news and international network en we are currently working on a new website. Map of chinas import transit routes and maritime chokepoints. Dhl global forwarding china belt and road initiative and. An empirical research on agricultural trade between china and. The aim of this article is to examine the background, the legal nature. Jinping put forward the proposition of building the silk road economic belt sreb. To build a new and sustainable silk road economic belt, advancing.
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